Ping An was ranked among the top 1% of Chinese companies in the S&P Global ESG Score, the highest score for Chinese insurance companies
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On June 28, Standard & Poor’s (hereinafter referred to as “S&P”) released the “Sustainable Development Yearbook (China Edition) 2023” (hereinafter referred to as “Yearbook”). This is the first Chinese version of the “Sustainability Yearbook” launched by S&P on the basis of the global “Sustainability Yearbook”. Thanks to its long-term and excellent exploration of sustainable development issues and ESG practices, Ping An was rated as the top 1% of Chinese companies in the S&P Global ESG Score, the highest score for Chinese (including Hong Kong and Macau) insurance companies, and also the top top 100. The only insurance company on the list in the 1% range.
It is reported that based on the S&P Global Corporate Sustainability Assessment (CSA), Standard & Poor’s evaluates the sustainable development performance of about 7,800 companies in 61 industries around the world, and selects the best performers to be included in the global “Sustainable Development Yearbook”. In the past 24 years, CSA has developed into the world’s leading corporate sustainability database, and the global “Sustainability Yearbook” has also become a benchmark for corporate sustainability performance. The newly released “Yearbook” this year covers nearly 1,600 Chinese companies in 60 industries participating in the 2022 corporate sustainable development assessment. In the end, only 88 companies with the best performance were selected for this yearbook.
In the past year, Ping An anchored the primary task of high-quality development and continued to deepen its“Comprehensive finance + medical health” two-wheel parallel, technology-driven strategy, to provide customers with “worry-free, time-saving, and money-saving” service experience, continue to empower the main financial business with digital operations, and help the company achieve steady growth in performance. In 2022, Ping An will achieve operating income of 1.11 trillion yuan; operating profit attributable to the parent company of 148.365 billion yuan, total assets of 11.1 trillion yuan, nearly 227 million individual customers, and over 693 million Internet users.
To firmly establish the concept of sustainable development, Ping An continues to absorb the experience of international standard governance, and willESG core concepts and standards are fully integrated into corporate management, combined with business practices, to build a scientific and professional sustainable development management system. With its excellent management performance in ESG, Ping An’s MSCI ESG rating was rated A, ranking first in the Asia-Pacific region in the comprehensive insurance and brokerage industry; it was selected as “China’s ESG Listed Companies Pioneer 100”, ranking No. 7. The financial industry ranks first in the five-star index level, and is known as “the outstanding company in ESG development of listed companies”.
Support the development of the real economy and promote green finance. As of December 31, 2022, Ping An has accumulatively invested more than RMB 7.89 trillion to support the development of the real economy and escort national strategic plans such as the “Belt and Road Initiative” and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area; by the end of 2022, Ping An’s green investment and financing scale has reached RMB 282.363 billion The scale of green banking business reached 182.089 billion yuan; the original premium income of green insurance for the whole year in 2022 reached 25.105 billion yuan.
Actively fulfill corporate social responsibilities and help achieve common prosperity.Ping An innovates in insurance, finance, and healthcareThe “Three Going to the Countryside” project gives full play to the company’s advantages of “comprehensive finance + medical care” and makes precise efforts to revitalize the countryside. By the end of 2022, Ping An has invested a total of RMB 77.153 billion in poverty alleviation and rural industrial development. It has assisted in the construction of 119 Ping An Hope Primary Schools across the country, and has recruited more than 10,000 teaching volunteers. The smart school implemented the youth science and technology literacy improvement plan, trained 14,110 rural teachers, and benefited more than 310,000 rural students.
Ping An of China stated that the establishmentOver the past 35 years, the company has always adhered to the mission of “satisfying people’s yearning for a better life, and helping the great rejuvenation of the Chinese nation as its mission”. The organic combination of value and social value further promotes the improvement of ESG governance level, thoroughly implements the sustainable development strategy, and continuously creates stable and growing value for customers, employees, shareholders, and society.
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